The State Administration of Radio and Television and the Ministry of Culture and Tourism have issued jointly the Code of Conduct for live-streamers and online influencers who advocate products and services in professional fields.
The insurance industry is urging the Insurance Commission (IC) anew to postpone the mandated increase in their minimum capital set for this yearend, saying many companies are still far from meeting the higher requirement.
The Green and Sustainable Finance Cross-Agency Steering Group has announced the progress made to help advance Hong Kong's position in green and sustainable finance (GSF) and the financial ecosystem's transition towards carbon neutrality.
The 6th Saudi Insurance Symposium (SIS) will be held in Riyadh on 28-29 September 2022, the General Insurance Committee (GIC) has announced.
Total direct premiums of the insurance sector increased by 3% to OMR479.86m ($1,246m) in 2021 compared to OMR465.90m in 2020, according to the latest data released by Capital Market Authority (CMA).
The Financial Services Council (FSC) and the life insurance industry have published the new Life Insurance Code of Practice (the Life Code). The new Code takes effect on 1 July 2023, and provides the industry with 12 months to make the transition.
Replacing the 'File and Use' policy -- that has caused delays to the launch of COVID-19-related product -- to one that is "Use and File" will be a game-changer in India, says data and analytics company GlobalData.
The Office of Insurance Commission (OIC) is looking into establishing a National Insurance Bureau (NIB), whose function would be similar to those of credit bureaux.
The merger of the UAE Insurance Authority in January 2021 with the Central Bank of the UAE, resulting in one consolidated financial services regulator for the UAE, has not yet significantly affected the insurance sector but Fitch Ratings expects regulation over the sector to tighten over time.
The National Assembly last week passed the Law on Insurance Business (Amended) with 469 or 94.2% of delegates voting in favour. The revised law will enter into effect on 1 January 2023.